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LATIN AMERICA 2023 – THE YEAR OF GROWTH THAT EVERYBODY MISSED

This report describes how Latin America and Caribbean markets will grow this year in ‘real’ terms by 1.6% but PPP terms, the region will expand by over 6% and per capita consumption, when measured in USD will grow by a whopping 11%. The figures owe their divergence to the impressive appreciation (vs the USD) of the region’s most actively traded currencies: the Mexican Peso, Brazilian Real and Chilean Peso, buoyed by hawkish local monetary
polices.

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